Ghana and Germany on Wednesday signed two Memorandums of Understanding (MoU) as part of the German President Frank-Walter Steinmeier’s three-day visit to the country.

The first MoU signed was between Siemens AG and Rotan Energy Pte for the construction of a 330-megawatts gas-fired combined cycle power plant for Ghana.

The plant is projected to significantly reduce the cost of electricity and ensure sustainable power supply in Ghana.

Steinmeier and Ghana’s Vice-President Mahamudu Bawumia also witnessed the signing of an MoU between Merck KGaA, a German science and technology company in healthcare, and Ridge Management Solutions for the construction of the first purpose-built vaccine manufacturing factory in West Africa.

The two countries also signed a 100-million-euro agreement on Wednesday to promote private investment in renewable energy in Ghana as well as vocational training. Enditem

Source: Xinhua/NewsGhana.com.gh

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